Quantuma appointed as joint administrators to Derby County FC

Derby County Football Club (FC) have formally entered into administration after owner Mel Morris failed to find a buyer willing to spend £50 million to clear the club’s debts. Derby will be automatically deducted 12 points under EFL rules, sending them to the bottom of the table but a further points deduction is on the cards due to irregularities in the club’s accounts.

Andrew Hosking, Carl Jackson and Andrew Andronikou, Managing Directors at business advisory firm Quantuma, have been appointed joint administrators of the football club.

Derby County competes in the Sky Bet Championship, the second tier of English football. The 137-year-old club, currently managed by former England captain Wayne Rooney, was one of 12 founder members of the Football League in 1888, and last played in the top flight in 2008.

The two-time champions of England play their home games at Pride Park having moved from its original home of the Baseball Ground in 1997.

Hosking said: “I can confirm that Andrew Andronikou, Carl Jackson and I were appointed joint administrators of Derby County FC. Covid-19 has had a significant impact on the finances of the club and its long-term ability to continue in its current form.”

“We recognise that with the commencement of the 2021/22 season last month, this news will be of concern to stakeholders and fans, in addition to the city of Derby and the wider football community.”

“We are in the early stages of assessing the options available to the club and would invite any interested parties to come forward.

“Our immediate objectives are to ensure the club completes all its fixtures in the Championship this season and finding interested parties to safeguard the club and its employees.”